Details on the WCW Sale

My brain is throbbing with all this info, so let's spill it as fast as we can, shall we?

We are now hours away from an official press conference form the good folks in Turner-land where they are expected to announce the sale of WCW to a group lead by former head honcho Eric Bischoff. I was awakened (far too) early by a wrestler who pretty much confirmed all this info that was compiled by Ricky Wade:

The group behind Bischoff is Fusion Media Ventures, a fund including money from George Steinbrenner, the King brothers of Kingworld Entertainment, and Ray Chambers.

The new CEO of WCW will be Brian Vidal, while Bischoff will serve as President and be the public face of management of WCW. However, Bischoff will not be the final say on spending and business decisions...Vidal will be. Bischoff will be in charge of the creative side.

The management team will also include David Newman from NFL Properties and Allan Gold from NFL International.

WCW's creative team will be located in L.A., the business and legal side will be placed in N.Y.

Additional details post-deal are to be announced by Bischoff on Feb. 10...this will likely be even bigger than this week's announcement.

WCW will go on the road only once per month - for its PPVs. All other events for the time being at least will be held, tentatively - negotiations for this are ongoing, at the MGM Grand Arena in Las Vegas.

With all operations out of Atlanta gone, the Power Plant will also have its facilities moved.

Roster cuts are a given.

Also, expect to see Hulk Hogan and probably Randy Savage return to WCW in short order. Hogan will be one of the head bookers for the company.